1650 Comstock Road
1650 Comstock Road, Ottawa, ON, K1B 3W8, CA
60,267 sf
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”), is pleased to present the opportunity to acquire a 100% freehold interest in 1144 Industrial Road, Cambridge, Ontario (the “Property” or “Offering”). Constructed in 1966, the Property offers 69,570 square feet (“sf”) of functional industrial space, featuring 14’ clear heights, 13 loading doors, along with a fenced yard allowing for outdoor storage. The Property is strategically situated on a 7.0-acre corner lot in a well-established industrial park, just two kilometers from the Hespeler Road and Highway 401 interchange, providing convenient access to the Greater Toronto Area (“GTA”) via the series-400 highway network. The Property is currently fully leased to three tenants with average in-place rents that are positioned approximately 22% below market, and a combined weighted average remaining lease term (“W.A.L.T.”) of 4.2 years, providing an investor with healthy cash flows with annual escalations and the opportunity to increase rents in the near term.